Suppose you buy a new car for $14,500. If your consumer surplus is $3,500, what was your willingness to pay? Willingness to Pay In microeconomics, the willingness to pay of a consumer is the consumer's reservation price. This reservation price is the highe...
Suppose the money supply in country {eq}\displaystyle X {/eq} is {eq}\displaystyle 44000 {/eq} and nominal {eq}\displaystyle GDP {/eq} is {eq}\displaystyle 88000 {/eq}. Calculate the velocity of money and enter it below. Velocity of ...
(IRP) is best defined as: a) When a government brings its domestic interest rate in line with other major financial markets b) When the central bank of a country brings its domestic interest rate in line with its major trading partners c) An arbitrage condition that must hold when ...
A major issue in today’s economy is 69 businesses are doing this and what incentives are being provided by the government to companies to encourage investment. Another issue is whether labor productivity in the United States has 70 other countries. D. There have also been 71 increases...
Answer to: Suppose buyers of computers and printers regard the two goods as complements. What would be the effects of an increase in the price of...
Johan proposes to build a base station on the recommended site on which planning permission has been obtained. The third party consultants have charged $50,000 for the study. Additionally Johan has paid $300,000 as a single payment together with $60,000 a month to the government of the ...